The relative strength of the Russian economy, which has so far been able to compensate for even the toughest sanctions and a war exceptionally well, surprises the majority of fiat economists. It has been clear from the outset that energy is the base layer of the global economy and not just any fiat currency, even if it is the overpowering dollar, which has suffered significant cracks since the BRICS countries turned their backs on the petrodollar and established their own currency and settlement system.
It would be nice if the complete backfire of Russian sanctions led the US government to reevaluate their widespread use of sanctions, but I doubt that will happen.
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737 sats \ 0 replies \ @TomK OP 7 Feb
yes, i would very much like to see the USA withdraw into itself in the next crisis, when the mountain of debt implodes, consolidate itself socially and economically and then form the strongest liberal libertarian bloc in the world. we need, i don't know if i'm repeating myself, this beacon and this fire of freedom for this world. especially here in europe, people firmly believe in the miracles of communism. this must not remain unchallenged.
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